The USD/JPY pair consolidates its recent gains in a narrow range below the mid-147.00s during the early Asian trading hours on Friday. The stronger US
. Meanwhile, the US Dollar Index , a measure of the value of USD against six other major currencies, holds above 105.35, near its highest daily close since March. The pair currently trades near 147.45, losing 0.02% on the day.
BoJ has stated that a pivot would not be considered as long as wage and inflation figures do not meet its forecast, which keeps the JPY vulnerable against its rivals.Governor Kazuo Ueda stated on Monday in an interview that the central bank could exit its negative interest rate policy when its inflation target of 2% is near and they would have sufficient evidence by the end of the year to evaluate whether interestshould stay negative.
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